Analysts forecast that Synaptics, Incorporated (NASDAQ:SYNA) will post $0.74 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Synaptics’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.78. Synaptics posted earnings per share of $1.24 during the same quarter last year, which indicates a negative year over year growth rate of 40.3%. The firm is expected to report its next earnings results on Thursday, November 14th.
Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Synaptics.
Synaptics (NASDAQ:SYNA) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.47. Synaptics had a positive return on equity of 12.74% and a negative net margin of 1.56%. The firm had revenue of $295.10 million for the quarter, compared to analyst estimates of $307.27 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 24.0% compared to the same quarter last year.
SYNA traded down $1.71 on Friday, hitting $33.25. 9,570 shares of the stock traded hands, compared to its average volume of 683,971. Synaptics has a 52 week low of $26.34 and a 52 week high of $48.74. The company has a current ratio of 2.88, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.21 billion, a PE ratio of 13.36 and a beta of 1.02. The business has a fifty day moving average price of $32.02 and a two-hundred day moving average price of $34.57.
In other news, Director Nelson C. Chan sold 6,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $33.25, for a total transaction of $199,500.00. Following the completion of the sale, the director now directly owns 39,449 shares of the company’s stock, valued at $1,311,679.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its holdings in Synaptics by 50.0% during the first quarter. Penserra Capital Management LLC now owns 1,185 shares of the software maker’s stock worth $47,000 after purchasing an additional 395 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in Synaptics during the second quarter worth $56,000. US Bancorp DE boosted its position in Synaptics by 80.1% during the second quarter. US Bancorp DE now owns 2,156 shares of the software maker’s stock worth $62,000 after purchasing an additional 959 shares in the last quarter. Bank of Montreal Can boosted its position in Synaptics by 188.6% during the second quarter. Bank of Montreal Can now owns 3,495 shares of the software maker’s stock worth $102,000 after purchasing an additional 2,284 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Synaptics during the second quarter worth $113,000. 95.66% of the stock is owned by institutional investors.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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